Common use of Death, Disability or Retirement of Optionee Clause in Contracts

Death, Disability or Retirement of Optionee. If the Optionee's employment with the Company shall terminate by reason of death, Disability or Retirement (as those terms are defined in the Plan), the Option may be exercised (to the extent that the Optionee shall have been entitled to do so at the date of termination of employment by reason of death, Disability or Retirement) by the Optionee, legal representative, or, in the case of death, by the person to whom the Option is transferred by will or the applicable laws of descent and distribution at any time within ninety (90) days after the Optionee's termina­tion of employment, but in no event later than the expiration of the term specified in Section 3 hereof.

Death, Disability or Retirement of Optionee. If the Optionee's employment with the Company shall terminate by reason of death, Disability or Retirement (as those terms are defined in the Plan), the Option may be exercised (to the extent that the Optionee shall have been entitled to do so at the date of his termination of employment by reason of death, Disability or Retirement) by the Optionee, his legal representative, or, in the case of death, by the person to whom the Option is transferred by will or the applicable laws of descent and distribution at any time within ninety (90) days after the Optionee's termina­tion termination of employment, but in no event later than the expiration of the term specified in Section 3 hereof.

Death, Disability or Retirement of Optionee. If the Optionee's employment with the Company shall terminate by reason of death, Disability or Retirement (as those such terms are defined in the Plan), the Option may be exercised (to the extent that the Optionee shall have been entitled to do so at the date of his termination of employment by reason of death, Disability or Retirement) by the Optionee, his or her legal representative, or, in the case of death, by the person to whom the Option is transferred by will or the applicable laws of descent and distribution at any time within ninety five (905) days years after the Optionee's termina­tion termination of employment, but in no event later than the expiration of the term specified in Section paragraph 3 hereof.